What Lockhart Capital Management does

Lockhart Capital Management LLP is a privately held UK boutique wealth management and financial planning firm founded in 2017 by five partners who previously worked together at Towry and Tilney. The firm serves approximately 270 high net worth individuals and families with at least \u00a3500,000 of investable assets, providing bespoke financial planning, discretionary wealth management, and philanthropy advisory through offices in Cobham (headquarters), Aberdeen, and Leeds. Services are delivered face-to-face with multi-touchpoint reviews and a selective client load designed to maximize adviser availability.

The firm\u2019s investment capability is anchored by Lockhart Asset Management (LAM), a jointly controlled subsidiary launched in September 2024 with Pacific Asset Management. LAM is an evolution of the original Private Investment Office, headed by CIO Andrew Wilson, and manages Dublin-listed funds spanning active, passive, and factor styles. Underlying technology is largely inherited from Best Practice IFA Group / Benchmark (now Schroders): the Fusion platform for portfolio management, the Wealth Platform client portal, Enable CRM, and the Oxford Risk suitability tool. Differentiated investment processes include a proprietary Five Signal framework and a rules-based Cash Overlay Process. AI usage is limited to transcription and summarization of meeting notes.

The business model is recurring and fee-based, with revenue derived from ongoing advisory retainers and AUM-linked wealth management fees. Distribution is direct, supported by referrals from accountants, solicitors, and other professional advisers; the firm operates as an appointed representative of Best Practice IFA Group (FCA reference 781292), outsourcing compliance and core infrastructure. The partners and directors co-invest alongside clients, which is positioned as a core alignment mechanism. Marketing is primarily relationship-driven and content-led via an Insight blog, with consistent external validation through the Spear\u2019s 500 index.

Name

Lockhart Capital Management

Legal name

Lockhart Capital Management LLP

Website

https://lockhartcapitalmanagement.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Lockhart Capital Management is a UK boutique founded in 2017 that provides bespoke financial planning, discretionary wealth management, and philanthropy advisory to approximately 270 high net worth households with at least \u00a3500,000 of investable assets, operating from offices in Cobham, Aberdeen, and Leeds.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Wealth management services
• Financial planning advice
• Portfolio management
• Private investment office
• Philanthropy advisory

Headquarters

HQ city

Cobham

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Financial Planning Fees: Ongoing financial planning advice with regular reviews and recommendations to ensure clients remain on track to meet financial goals.
2. Wealth Management/Investment Management: Discretionary investment management of client portfolios through Exclusive Wealth Management Solutions, managing assets across multiple asset classes and currencies.
3. Philanthropy Advisory: Assistance with structuring charitable giving and gifting strategies for clients with complex estate planning needs.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Lockhart Capital Management provides bespoke financial planning and discretionary wealth management to high net worth individuals and families with at least £500,000 of investable assets. Its services combine ongoing Financial Planning advice, Exclusive Wealth Management Solutions (discretionary investment management delivered through subsidiary Lockhart Asset Management's Dublin-listed funds), and Philanthropy advisory, supported by regular face-to-face reviews from offices in Cobham, Aberdeen, and Leeds.

Product overview

Lockhart Capital Management offers a bundled financial planning and wealth management service to high net worth individuals and families. Their core offering combines bespoke Financial Planning with Exclusive Wealth Management Solutions, backed by Lockhart Asset Management (LAM), their investment subsidiary launched in September 2024 in partnership with Pacific Asset Management. LAM manages Dublin-listed funds offering active, passive, and factor style investing from global fund management houses. The firm also provides specialized philanthropy services and dedicated services for personal injury award recipients. Services are delivered through approximately 270 clients managing £550m in assets, with minimum investable assets of £500,000 required.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning Ongoing cohesive financial planning and wealth management advice with regular reviews of clients' financial plans. Designed for individuals and families with at least £500,000 of investable assets.
• Wealth Management / Exclusive Wealth Management Solutions Discretionary investment management services delivered through Lockhart Asset Management, managing portfolios across multiple asset classes and currencies with an evidence-based approach.
• Lockhart Asset Management (LAM) Investment management subsidiary providing Exclusive Wealth Management Solutions through Dublin-listed funds, offering access to active, passive and factor style investing from institutional fund managers globally.
• Philanthropy / Managed Philanthropy Assistance with planning and structuring charitable giving, including working with legal and tax advisers on efficient structuring and timing of gifting, and introductions to charitable foundations.
• Specialised Services for Personal Injury & Clinical Negligence Awards Specialized financial planning services for recipients of catastrophic personal injury and clinical negligence awards, including construction of financial plans built around individual requirements, investment strategy, and ongoing dialogue.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Pacific Asset ManagementcoreStrategic or Co-development Partner · 2 September 2024Launched Lockhart Asset Management (LAM) in conjunction with Pacific Asset Management. LAM offers Exclusive Wealth Management Solutions to Lockhart Capital Management clients through an enhanced version of their previous Private Investment Office. LAM manages Dublin-listed funds offering access to active, passive and factor style investing from institutional fund management houses globally.
• ImpetusminorOthers · 9 December 2019Charitable partnership with Impetus, a Venture Philanthropy trust that transforms lives of disadvantaged young people in the UK. Lockhart completed its inaugural three-year commitment in 2021 and renewed the partnership in November 2022 and November 2023.
• Build It InternationalminorOthers · 1 September 2019Sponsored ten cyclists to ride 500km from Lusaka to Victoria Falls in Zambia, raising over £60,000 for Build It International, which creates opportunities for young people through skills training and community building projects.
• Best Practice IFA Group LimitedcoreImplementation/ SI/ Consulting Partner · 1 July 2017Best Practice is the parent compliance framework for Lockhart Capital Management as an appointed representative. They provide FCA compliance support, AML checks, data protection services, and various compliance activity assistance. Best Practice is part of Benchmark and now Schroders, providing the regulatory backbone for the boutique firm.
• Benchmark CapitalcoreImplementation/ SI/ Consulting PartnerComplaints handling is managed through Benchmark Capital. The firm relies heavily on Benchmark's tech infrastructure including the Fusion platform, Enable CRM, and Wealth Platform client portal. Part of the Schroders group.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• 7IM (Seven Investment Management): UK wealth and investment manager with discretionary and advised wealth services for HNW clients and advisers. Comparable target market and service mix with multi-asset and multi-currency portfolio capabilities.
• Brewin Dolphin (now part of RBC Wealth Management): Long-established UK wealth manager providing discretionary investment management and financial planning to HNW clients. Similar advisory-led discretionary model and target client, with comparable regional UK office footprint. Now operating within RBC Wealth Management.
• Kleinwort Hambros: UK private wealth manager (part of Société Générale) providing discretionary investment management and wealth planning to HNW clients with a relationship-led, adviser-driven model. Similar positioning to Lockhart with comparable service offering for UK HNW segment.
• Charles Stanley: UK wealth manager providing discretionary investment management and financial planning to private clients. Competes directly with Lockhart in UK HNW discretionary and advisory services, with overlapping target client and investment process emphasis.
• Quilter Cheviot: Discretionary investment manager within Quilter plc focused on HNW individuals, families, trusts, and charities. Closely comparable to Lockhart's discretionary portfolio management proposition for HNW clients with similar minimum-investable-asset thresholds.
• Evelyn Partners: UK wealth manager and professional services firm offering investment management, financial planning, tax, and advisory services to HNW individuals, families, and charities. Comparable boutique-style HNW proposition with similar target clients and comprehensive wealth services including philanthropy advisory.
• Rathbones Group: UK-listed discretionary investment manager and wealth manager providing bespoke portfolio management and financial planning to individuals, charities, and advisers. Direct competitor in the UK HNW discretionary segment with comparable service offering and client profile.
• Brown Shipley: UK private bank offering bespoke investment management, financial planning, and wealth structuring for HNW individuals and families. Comparable boutique-style wealth proposition with personalised adviser-led service targeting affluent UK clients.

Emerging players

• Sandringham Partners: Independent UK wealth management boutique focused on HNW individuals and families with bespoke discretionary portfolios and holistic financial planning. Comparable boutique scale and client-minimum profile to Lockhart.

Broad incumbents

• St. James's Place: Large UK wealth manager serving HNW individuals with bespoke financial planning and discretionary investment management via a partner-adviser model. Comparable to Lockhart in target client (UK HNW), service mix (advice + discretionary), and recurring fee revenue, but operates at vastly greater scale (£100bn+ AUM).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lockhart Capital Management